Global Output Management Software Market to Grow at 1.7% During 2024-2032, Fostered by Rising Need for Business Process Automation

April 14, 2020 | Technology & Media

According to the latest report by IMARC Group, titled “Output Management Software Market Report by Component (Solutions, Services), Deployment Type (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium Enterprises), Vertical (BFSI, Manufacturing, Healthcare, Education, and Others), and Region 2024-2032,” the global output management software market is expected to grow at a CAGR of 1.7% during 2024-2032. Output management software (OMS), also known as enterprise output management, automates and centralizes the production, distribution, formatting and management of documents that are distributed throughout an enterprise. It also integrates scheduling and workflow management systems to automate IT administrative tasks. OMS assists in improving regulatory compliance, enhancing the performance and stability of IT systems, and achieving cost reduction by providing digital channels like email to distribute documents instead of printing.

Global Output Management Software Market Trends:

The market is currently experiencing steady growth, owing to the growing need for business process automation and minimizing operation costs. OMS increases the flexibility of the IT department by helping them in making timely decisions and quickly implementing them. Apart from this, one of the key trends witnessed in the industry is the outsourcing of services. Some of the leading companies are currently opting to outsource their output management activities, which includes the printing process and document management. This aids them in focusing on research and development (R&D) activities and product development. Furthermore, OMS also finds applications in healthcare centers to help clinicians in gaining convenient access to large amounts of data and ensuring the seamless delivery of system-generated documents to the patients.

Market Summary:

Based on the component, the market has been bifurcated into solutions (online report viewing, flexible report distribution, subject indexing and others) and services (implementation and integration, training and education, support and maintenance, and others).
On the basis of the deployment type, the market has been divided into the cloud-based and on-premises segments.
The market has been analyzed on the basis of the organization size into large, and small and medium enterprises.
Based on the vertical, the market has been segmented into banking, financial services and insurance (BFSI); manufacturing; healthcare; education; and others.
Region-wise, the market has been segregated into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Broadcom Inc., DocPath Corporation, HP Development Company LP, Kyocera Corporation, LBM Systems Corporation, Levi, Ray & Shoup, Inc., Lexmark International, Inc., Quadient Group, Plus Technologies LLC, Ricoh Company, Ltd. and Rochester Software Associates Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Component, Deployment Type, Organization Size, Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Broadcom Inc., DocPath Corporation, HP Development Company, Kyocera Corporation, LBM Systems, Levi Ray & Shoup Inc., Lexmark International, Quadient, Plus Technologies LLC, Ricoh Company and Rochester Software Associates Inc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Output Management Software Market to Grow at 1.7% During 2024-2032, Fostered by Rising Need for Business Process Automation

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